Demand curves for animal consumers

  • John H. Kagel
  • , Raymond C. Battalio
  • , Howard Rachlin
  • , Leonard Green

Research output: Contribution to journalArticlepeer-review

Abstract

Results are reported from experiments showing that both income-compensated and ordinary (uncompensated) demand curves for nonhuman consumers are negatively sloped. Essential commodities are determined to be gross complements, while nonessential goods are independent or gross substitutes. The experiments extend the concepts underlying value theory to nonhumans and provide a basis for intensive experimental investigations of additional aspects of the theory.

Original languageEnglish
Pages (from-to)1-15
Number of pages15
JournalQuarterly Journal of Economics
Volume96
Issue number1
DOIs
StatePublished - Feb 1981

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